Capital Gains Rates
The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).
Mississippi has 3 state income tax rates: 3%, 4% and 5%. These rates are the same for all filing statuses, as well as for businesses.
Simple & Easy to Understand